BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) Short Interest Update

BlackRock Corporate High Yield Fund, Inc. (NYSE:HYT) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 632,100 shares, a growth of 106.8% from the February 28th total of 305,700 shares. Based on an average daily volume of 621,800 shares, the days-to-cover ratio is currently 1.0 days.

BlackRock Corporate High Yield Fund Price Performance

Shares of BlackRock Corporate High Yield Fund stock traded up $0.02 during mid-day trading on Friday, hitting $9.60. 419,461 shares of the stock were exchanged, compared to its average volume of 485,244. BlackRock Corporate High Yield Fund has a twelve month low of $9.21 and a twelve month high of $10.16. The company has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $9.85.

BlackRock Corporate High Yield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.93 dividend on an annualized basis and a yield of 9.74%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its holdings in shares of BlackRock Corporate High Yield Fund by 3.3% during the fourth quarter. Stifel Financial Corp now owns 40,033 shares of the investment management company’s stock worth $393,000 after purchasing an additional 1,287 shares during the last quarter. Samalin Investment Counsel LLC boosted its stake in BlackRock Corporate High Yield Fund by 4.3% in the 4th quarter. Samalin Investment Counsel LLC now owns 32,849 shares of the investment management company’s stock worth $322,000 after buying an additional 1,362 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in BlackRock Corporate High Yield Fund by 2.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 66,325 shares of the investment management company’s stock worth $651,000 after buying an additional 1,711 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in BlackRock Corporate High Yield Fund by 2.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 81,304 shares of the investment management company’s stock valued at $798,000 after buying an additional 1,749 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of BlackRock Corporate High Yield Fund by 20.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,239 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 2,271 shares during the last quarter.

About BlackRock Corporate High Yield Fund

BlackRock Corporate High Yield Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in bonds rated Ba or lower by Moody's Investors Service, Inc, or BB or lower by Standard & Poor's Corporation.